Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: OKX against Hyperliquid−0.042%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.042%, 7d avg −0.040%

Together, before fees−0.028%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SOL	119.49	0.0100	pay 0.0013% / 1h	34m 02s	$719.5M	$415.8M	20x
Short	OKX SOL-USDT-SWAP	119.44	0.0100	get 0.0100% / 8h	1h 34m	$371.9M	$1.72B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee OKXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → −0.040%: −$0.23
Slippage, 4 orders: −$2.22
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.45
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 10 min ago	0.42 bp	4.9 bp −$5	5.4 bp −$54	8.0 bp −$797	doesn't fit
Sell OKX live order book, 5 min ago	0.42 bp	6.0 bp −$6	6.3 bp −$63	10.1 bp −$1,009	23.1 bp −$11.6K

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin SOL-PERP	−0.0222%	1h	119.39	−0.086%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.29	−0.167%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.46	−0.023%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.27	−0.185%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.40	−0.074%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.39	−0.081%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.39	−0.084%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.34	−0.124%	$181K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0024%	1h	119.53	+0.030%	$120K	$611K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.38	−0.092%	$6.6M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0067%	8h	119.39	−0.080%	$1.1M	$5.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0071%	1h	119.49	−0.002%	$24K	$47K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.45	−0.036%	—	$374.7M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	119.31	−0.149%	$232.4M	$44.7M	75x	as long as short
Gate SOL_USDT	+0.0083%	8h	119.36	−0.109%	$870.8M	$681.6M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0085%	1h	119.45	−0.036%	$26.7M	$27.6M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.39	−0.084%	$13.6M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.37	−0.099%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	119.31	−0.151%	$104K	$153K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.38	−0.093%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.37	−0.104%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.30	−0.159%	$47K	$794K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.37	−0.103%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOLlong	+0.0100%	1h	119.49	long leg	$719.5M	$415.8M	20x
Aster SOLUSDT	+0.0100%	8h	119.40	−0.075%	$178.7M	$176.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.44	−0.045%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.45	−0.033%	$988.0M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.43	−0.050%	$824.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAPshort	+0.0100%	8h	119.44	−0.042%	$371.9M	$1.72B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	119.28	−0.176%	$234K	$885K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.40	−0.078%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.47	−0.017%	$452.1M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.39	−0.080%	$141.1M	$200.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.46	−0.025%	$496.3M	$455.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.43	−0.050%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.41	−0.066%	$27.9M	$128.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.50	+0.008%	$96.0M	$399.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.44	−0.042%	$48.9M	$31.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.56	+0.059%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.50	+0.008%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.26	−0.192%	$365K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	−0.184%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.41	−0.063%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.39	−0.084%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.35	−0.117%	$46.6M	$101.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.216%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.44	−0.046%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.43	−0.053%	$8.2M	$415.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.40	−0.077%	—	$222.6M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.42	−0.056%	$32.7M	$95.6M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0086%	1h	119.38	−0.089%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.25	−0.199%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.36	−0.111%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.301%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.49	0.000%	$52.2M	$82.9M	125x	as long as short